The rent prices in real estate in Highwood, in the Illinois region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Highwood has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.29. In the following month the price per sq.feet rose considerably to $1.65. In the following two months the price per sq.feet has risen 114 %, going from $1.47 to $1.67 per sq.feet. The price per sq.feet has had a considerable rise of 118 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.57 to $1.85 during February, and March.
When referring to the price in Highwood (cities), this has fallen considerably in the last 6 months. The average price for October is $2,600. During November the price had a considerable fall till $1,828. During the following two months (December, January) the average price had a considerable fall of 70 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $1,883 to $1,608.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,655 they are 20 % more affordable than the average price for Highwood . The properties with the highest average price have 3 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,614.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.92 / sq.feet price in Highwood. The properties with the most expensive average prices have 4 bedrooms. They are 1254 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,655 it is 15 % more affordable than the average price in Highwood. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,408 it is 11 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Townhouse with an average cost of $26 / sq.feet. "Townhouse" at an average price of $26 / sq.feet has the highest price and would be directed at more affluent cities.